hrcak mascot   Srce   HID

Preliminary communication

DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?

Tajana Barbić
Iva Čondić-Jurkić

Fulltext: english, pdf (236 KB) pages 253-266 downloads: 439* cite
APA 6th Edition
Barbić, T. & Čondić-Jurkić, I. (2017). DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?. Ekonomski pregled, 68 (3), 253-266. Retrieved from https://hrcak.srce.hr/184588
MLA 8th Edition
Barbić, Tajana and Iva Čondić-Jurkić. "DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?." Ekonomski pregled, vol. 68, no. 3, 2017, pp. 253-266. https://hrcak.srce.hr/184588. Accessed 14 Apr. 2021.
Chicago 17th Edition
Barbić, Tajana and Iva Čondić-Jurkić. "DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?." Ekonomski pregled 68, no. 3 (2017): 253-266. https://hrcak.srce.hr/184588
Harvard
Barbić, T., and Čondić-Jurkić, I. (2017). 'DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?', Ekonomski pregled, 68(3), pp. 253-266. Available at: https://hrcak.srce.hr/184588 (Accessed 14 April 2021)
Vancouver
Barbić T, Čondić-Jurkić I. DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?. Ekonomski pregled [Internet]. 2017 [cited 2021 April 14];68(3):253-266. Available from: https://hrcak.srce.hr/184588
IEEE
T. Barbić and I. Čondić-Jurkić, "DO FISCAL VARIA BLES AFFECT STOCK MARKET RETURNS IN EU COUNTRIES?", Ekonomski pregled, vol.68, no. 3, pp. 253-266, 2017. [Online]. Available: https://hrcak.srce.hr/184588. [Accessed: 14 April 2021]

Abstracts
This paper investigates the relationship between macroeconomic variables and stock market returns on the EU countries dataset. The link is explored between stock market returns and the set of fiscal and macroeconomic variables, including government debt, government expenditures, inflation rate, broad money supply, money market interest rate, foreign currency reserves and foreign direct investments. We used panel data models on developed and emerging EU markets to explore the difference in impact of macroeconomic variables on stock market returns depending on the level of market development. The empirical evidence showed the existence of relationship between inflation and money market interest rate on the one side and developed EU stock market returns on the other. On the other hand, emerging markets prove to be more vulnerable to fiscal developments. In particular, we found only a fiscal variable to be statistically significant in affecting stock market returns on emerging EU markets.

Keywords
Stock market; fiscal variables; macroeconomic variables; emerging market; EU

Hrčak ID: 184588

URI
https://hrcak.srce.hr/184588

[croatian]

Visits: 784 *